Taleb is an American statistician whose academic work focuses on issues connected with probability, randomness and uncertainty. The only thing we can be sure of in the future is crisis, he claims, but that turbulence can become our strength.What I call the Black Swan is an event with the following three characteristics. Firstly, it is unusual because it goes beyond the domain of our usual expectations, as no element of the past clearly indicates its possible occurrence.
According to Taleb, societies can't react well to Black Swan events because they focus too much on the past, looking for errors. He writes that "risk management" assumes certain models and certain averages, and that it's wrong to think that tomorrow will be the same as today. In another of his books, "Antifragile," Taleb argues that when companies and organizations avoid stress, their "muscles" become weaker and weaker, which can accelerate their undoing in a constantly changing environment.
He distinguishes between two types of stress: negative and positive. Positive stress is repetitive but manageable, and it creates new opportunities. The concept of antifragility involves continuous testing, building resilience, and constant change. Hear Taleb discuss these ideas and more at the Business Insider Global Trends Festival. Get your tickets today.A selection of our best stories daily based on your reading preferences. Sign up for Insider Select.By clicking ‘Sign up’, you agree to receive marketing emails from Business Insider as well as other partner offers and accept our
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Nigeria Nigeria Latest News, Nigeria Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Instagram star @MrsDowJones shares an inside look at a day in her life - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »
AI in Banking Report from Insider Intelligence - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Fragomen's chair talks 2020 revenue and competition with Big Four - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Stock picks to buy, best investing ideas for volatile Q4 2020 from RBC - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. At Jaashub , we make travelling and studying Abroad better and easier. Study better with us. Choose a place and you are there. !!! studyabroad educationalgist advancelearning studyinEurope
Source: BusinessInsider - 🏆 729. / 51 Read more »
Instagram boss: Foreign social media influence a risk in 2020 election - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Wondering what the result would be, all the way around, if all social media shutdown for 2 weeks prior to election? Or perhaps, one week before the election. It would be one way to keep bad actors from interfering in election. No shit Sherlock I really wish Insta would break away from FB. Adam seems to be a pretty great leader of that company. He's always very upfront with the community...unlike Zuck.
Source: BusinessInsider - 🏆 729. / 51 Read more »
2020 vice presidential debate between Pence, Harris: key moments - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Why did you repost this? Was it because everyone was saying that Kamala got destroyed in the debate? The fly crowned Pence the winner. Couldn’t help but think of Russian expression '.. как мухи на говно' (kak mookhee nah gahvnoh)- “.. like flies on a piece of sh*t” as I was watching that fly land on Mr. Pence The flies have it, the flies have it...🤪
Source: BusinessInsider - 🏆 729. / 51 Read more »